I've looked at thousands of charts and almost every one of them show that the first hour of the day is the most intense as far as volume is concerned. After the first hour the rest of the day is pretty much the same day in and day out. But for all practical purposes it is one of the reasons why we make most of our money in the first hour and then, unless we catch a good one, cruise for the rest of the day.
1 comment:
I am in agreement that the first hour is the most volatile.
I consider myself a long and normally buy right around 10:30. Or buy around 2:30ish.
Thanks for the link btw. :)
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